6179 89 Highway New Tecumseth, Ontario

Rare 6.62-acre high-rise development opportunity in Alliston. Zoned for high-rise residential with an advanced Site Plan Approval (SPA) application currently under municipal review. Proposed development includes two 12-storey mixed-use towers with 524 residential condominium units, 5 retail units, and approximately 511,600 sq. ft. GFA. Prime Highway 89 location adjacent to SmartCentres (Walmart) and minutes from Honda Canada, Stevenson Memorial Hospital, schools, and parks. The project has successfully met the initial eligibility requirements under the Build Canada Homes (BCH) program and is currently in the Proposal Evaluation Phase. Vendor will consider VTB financing or a Joint Venture with qualified purchasers. (id:4555)